Investment
Investment , Legislation , Health, Safety & Environment , Emissions , Renewables
PESA Op-ed: California Needs Real-world Energy Solutions
Switching to an all-renewable energy supply sounds good in theory, but the rhetoric elides the need for reliability and overlooks the critical role oil and gas plays in supporting the renewables supply chain.
Investment , Acquisitions & Divestitures
Aramco, BlackRock, Others Discussing Deal Worth over $10 Billion
The deal, internally dubbed "Project Seek," is still in its initial phase and there is no formal decision on the investors yet, one of the two sources familiar with the matter said.
Investment , International , Health, Safety & Environment , Emissions , Renewables
UN Chief Urges Development Banks to Stop Backing Fossil Fuel Projects
U.N. Secretary-General Antonio Guterres urged a coalition of finance ministers and economic policymakers from dozens of countries to ensure development banks end fossil fuel investments and boost renewable energy.
Investment , Markets , Emissions , Renewables
Pandemic Could Delay Energy Demand Recovery to 2025, IEA Says
Demand for oil is set to fall by 8% and coal use by 7% while renewables will see a slight rise, the IEA said in its annual World Energy Outlook.
Public Capital , Investment , Health, Safety & Environment , Emissions , Renewables
JPMorgan Chase Promises to Shift Portfolio Away from Fossil Fuels
JPMorgan Chase to cut exposure to companies that do not align operations with Paris climate accord.
Investment , Exploration & Production , Health, Safety & Environment , Emissions , Technology
E&P Plus Cover Story: ESG Takes Root
There’s little doubt sustainability will be part of doing business in oil and gas fields going forward. Now, how do companies go about quantifying their efforts?
Investment , Construction , Pipelines
TC Energy, Natural Law Energy Agree to Indigenous Equity Investment
The MOU, which includes Keystone XL, is one of the largest of its kind in North American infrastructure.
Investment , Renewables , Acquisitions & Divestitures
Houston-area Solar Project Sold to Renewables-focused Spanish Conglomerate
In a statement commenting on the acquisition, Rafael Esteban, CEO of ACCIONA’s energy division in North America, called the Fort Bend Solar project a flagship in the company’s U.S. portfolio.
Investment , Exploration & Production , Legislation
Canadian Government Commits $320 Million to Aid Offshore Oil Industry
Newfoundland and Labrador is the third-largest oil-producing province in Canada, producing 5% of the country's crude in 2018. Low oil prices have forced producers to cut spending and output globally.
Private Equity , Investment , Health, Safety & Environment
Vanguard, BlackRock Add New Climate-focused ETFs as Demand Soars
Top asset managers Vanguard Group Inc. and BlackRock Inc. on Sept. 24 introduced new exchange-traded funds that exclude oil companies, coal producers and other industries that a growing number of investors want to avoid.